This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the new syllabus per ICAI. It applies to Group 1/Paper 1 – Advanced Accounting.

This book presents the accounting standards in simple language and equips the reader to apply the accounting standards.

The Present Publication is the 11th Edition & updated till 31st October 2023 for the CA-Inter | New Syllabus | May 2024 Exam. This book is authored by Dr D.S. Rawat & CA Nozer Shroff, with the following noteworthy features:

Strictly as per the New Syllabus of the ICAI
[Coverage of this Book] includes:
All Accounting Standards (AS)
[Problems & Solutions] Questions on Accounting Standards of past examinations have been incorporated into the respective AS.
[Past Exam Questions & Answers] are included in this book
[Student-Oriented Book] The authors have developed this book keeping in mind the following factors:
Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
Shaped by the author’s experience of teaching the subject matter at different levels
Reactions and responses of students have also been incorporated at different places in the book
The detailed contents of this book are as follows:

Introduction to Accounting Standards and Indian Accounting Standards
Framework for the Preparation and Presentation of Financial Statements
AS-1 | Disclosure of Accounting Policies
AS-2 | Valuation of Inventories
AS-3 | Cash Flow Statement
AS-4 | Contingencies and Events occurring after the Balance Sheet date
AS-5 | Net Profit or loss for the period, prior period items and change in accounting policies
AS-7 | Construction Contracts
AS-9 | Revenue Recognition
AS-10 | Property, Plant and Equipment
AS-11 | The Effects of Changes in Foreign Exchange Rates
AS-12 | Accounting for Government Grants
AS-13 | Accounting for Investments
AS-14 | Accounting for Amalgamation
AS-15 | Employee Benefits
AS-16 | Borrowing Costs
AS-17 | Segment Reporting
AS-18 | Related Party Disclosure
AS-19 | Accounting for Leases
AS-20 | Earnings Per Share
AS-21 | Consolidated Financial Statements
AS-22 | Accounting for Taxes on Income
AS-23 | Accounting Investments in Associates in Consolidated Financial Statements
AS-24 | Discontinuing Operations
AS-25 | Interim Financial Reporting (IFR)
AS-26 | Intangible Assets
AS-27 | Financial Reporting of Interest in Joint Venture
AS-28 | Impairment of Assets
AS-29 | Provisions, Contingent Liabilities and Contingent Assets